#Strategy加仓BTC 【Ethereum Technical Analysis】

$ETH's recent performance is worth paying attention to. From the candlestick chart, several consecutive bullish candles have pushed the price up, especially the rally in mid-January, which indeed showed considerable momentum. The price approached the 3355.8 level but was unable to break further, as there is still significant selling pressure above.

What do the indicators say? The MACD's DIF and DEA are both above the zero line and are diverging upwards, indicating that the bullish momentum is still intact. The RSI has reached 65.17, approaching overbought levels, so short-term correction possibilities should be monitored. The moving averages look good; EMA7, EMA30, and EMA120 are all below the price, forming a support line, indicating an upward trend in both the short and medium term.

The volume changes are also quite interesting. On January 14th, trading volume surged to 503,440, accompanied by rising prices, suggesting continuous capital inflow. However, on January 15th, the volume shrank to 4,544, hinting that the upward momentum is starting to weaken. The subsequent volume and price action should be closely observed.

From a trading perspective—

If you want to buy on dips, 3245 is a good entry point, as it is close to the EMA7 support (3246.55) and also an integer level, providing some support below. Slightly lower, around 3190, is the previous low area, also near the EMA30 support, which can serve as a second buying point. For stop-loss, if the price falls below 3190, setting it at 3160 can help manage risk.

For a reverse operation, 3400 is a clear resistance level with selling pressure. If a breakout occurs smoothly, the next target can be 3450. When shorting around 3450, place the stop-loss at 3475.

The current daily trend leans towards bullish, and in the short term, it’s important to see whether these support and resistance levels can effectively support the subsequent movement.